Japan welcomes the era of digital finance: Japan Post Bank to launch DCJPY deposit tokens as early as 2026.

Japan Post Bank recently revealed plans to support the conversion of “DCJPY deposit tokens” in 2026, tokenizing 120 million account deposits for instant settlement and investment transactions. With the first Japanese yen stablecoin set to be launched, these initiatives symbolize that Japan is on the path of financial digitization.

Deposit Token Debuts: Japan Post Bank Leads Financial Digitization

Japan Post Bank (, Japan Post Bank ) has over 180 trillion yen in deposits (, approximately 1.29 trillion USD ), making it the largest retail bank in Japan.

According to a report by Nikkei, the bank expects to allow customers to convert deposits into DCJPY deposit tokens starting from the fiscal year 2026. These tokens will be used on the permissioned blockchain ( and will directly represent bank deposits, equivalent to 1:1 with the Japanese yen.

Japan Post stated that compared to the settlement process of traditional banking systems, which takes several days, the application of DCJPY will shorten transactions to nearly instant, bringing unprecedented convenience to users.

Exchange DeCurret endorsed by financial giant MUFG

In terms of technology, the DCJPY deposit token is launched by the Japanese exchange DeCurret, supported by financial giants including Mitsubishi UFJ Financial Group ) MUFG ( and SBI. The network is set to launch in September 2024, aiming to optimize the efficiency of nationwide asset settlement and transmission.

The only confirmed official minting bank at present is GMO Aozora Net Bank )GMO あおぞらネット銀行(, which has completed multiple proof-of-concept )PoC( tests. In the future, the inclusion of Japan Post Bank will significantly enhance the influence of this network, making it a nationwide scaled financial digital infrastructure.

Expand applications: from securities investment to local government subsidies

In terms of usage, depositors will be able to convert their deposits into DCJPY tokens at any time, and further purchase tokenized securities, with an expected yield of about 3% to 5%. This provides a brand new investment avenue for certain Japanese households that prefer stable savings in the long term.

At the same time, the settlement time has been shortened from several days to almost instant, which will reduce the friction costs of asset allocation and is expected to attract groups that require frequent operations, encouraging them to further participate in the capital market.

In addition, DCJPY is envisioned as a digital tool for local administration. DeCurret DCP indicates that future government subsidies or allowances are expected to be issued directly in DCJPY, enhancing administrative efficiency.

If the plan is implemented, DCJPY will not only be a banking tool but will also penetrate into public services, driving Japanese society towards全面 digitization.

Deposit Token ≠ Stablecoin: Differences in System and Scope

Although they may seem similar, deposit tokens and stablecoins have distinct differences. Deposit tokens are directly issued by banks and represent real deposits, circulating only on controlled permissioned networks; whereas stablecoins are often found on public chains and are backed by issuers and custodians, with a wider range of applications.

)WebX｜JPYC Starts the Era of Yen Stablecoin: Entering Payments and Financing, Calling for 85 Trillion Yen in Circulation Over Five Years(

It is worth noting that the Financial Services Agency of Japan )FSA( will also approve the first Japanese yen stablecoin JPYC issued by the Japanese fintech company JPYC Inc. this autumn, and is considering revising the tax system to encourage cryptocurrency trading. Even SBI is taking the lead in promoting spot ETFs including BTC and XRP.

)Will Japan’s cryptocurrency regulation face a major turning point? FSA proposes tax reform and system integration to attract institutional investors(

Various measures indicate that Japan is comprehensively advancing its digital asset policies, attempting to gain an advantage in the international fintech competition.

Japan’s financial digitalization is approaching a key turning point.

With Japan Post Bank planning to join the DCJPY network, the commercialization of deposit tokens has also entered a new stage. It not only improves the efficiency of securities settlement but may also become a bridge connecting bank deposits, digital assets, and public services.

In the coming years, Japan will simultaneously welcome multiple innovations and favorable policies such as deposit tokenization, stablecoins, crypto ETFs, and tax reforms, heralding a rapid evolution of digital finance over traditional finance.

This article discusses Japan entering the era of digital finance: Japan Post Bank will launch the DCJPY deposit token as early as 2026, first appearing in Chain News ABMedia.